by admin | Sep 30, 2020 | Featured, News
Tsogo Sun CEO Marcel von Aulock Tsogo Sun CEO Marcel von Aulock may be pleased that international borders are reopening, but he doesn’t foresee an influx of travellers anytime soon. “With there still being cases around the world, many people are quite...
by admin | Sep 23, 2020 | Featured, News
Zimbali Hotel goes into business rescue The Fairmont Zimbali Resort has been placed in business rescue.Its Kuwait-based owner, IFA Hotels & Resorts, first invested in the hotel in 2003.SA hotels have been hit hard by the extended lockdown. Last month, the US hotel...
by admin | Sep 21, 2020 | Featured, News
GDP shortfall – NKC Africa Economics has identified South Africa as among emerging economies expected to record the biggest shortfall in gross domestic product (GDP) in 2021. The research agency said in its global economic outlook yesterday that South Africa and...
by Stephen Hickmore | Sep 21, 2020 | Featured, News
Tourism news – Travel-starved local tourists are descending on KwaZulu-Natal shores in record numbers since the COVID-19 outbreak, with the gradual easing of restrictions. Addressing media on Sunday on the eve of the country moving to Alert Level 1,...
by Stephen Hickmore | Sep 11, 2020 | Featured, News
Hotelier sentiment worldwide indicates lowered expectations for ADR and Occupancy, based on the recent findings from eRevMax’s Hotel Sentiment Survey. Revenue is expected to decline, and hotel price wars might lead to further dent on profits. Technology is...
by admin | Sep 9, 2020 | Featured, News
The landmark Mount Grace Hotel and Spa in the Magaliesburg will reopen its doors on Wednesday (September 9) and re-employ many of the workers who lost their jobs, JSE-listed Tsogo Sun Hotels confirmed to Moneyweb on Monday. This follows the group taking over...
